IYW - Ahead of Big Tech earnings see the top 10 tech stocks according to SA Quant Ratings

2023-04-25 09:34:26 ET

Some of Wall Street’s biggest tech names are on deck to deliver their latest round of earnings on Tuesday, with results due out after the close from Microsoft ( MSFT ) and Alphabet ( GOOG ) ( GOOGL ). With the sector in focus, investors are looking for the names best positioned to thrive in the current challenging market.

Seeking Alpha built a top 10 list of names based on its Quant Ratings . For reference, the system grades each stock on quantitative measures, such as profitability, growth and valuation. See the list below:

Top 10 Tech Stocks with Highest Quant Grades

No. 10: Salesforce ( NYSE: CRM ): Strong buy and quant rating of 4.94 .

No. 9: Allegro MicroSystems, Inc. ( NASDAQ: ALGM ): Strong buy and quant rating of 4.95 .

No. 8: Opera Limited ( OPRA ): Strong buy and quant rating of 4.95 .

No. 7: Qualtrics International ( NASDAQ: XM ): Strong buy and quant rating of 4.96 .

No. 6: Yext ( NYSE: YEXT ): Strong buy and quant rating of 4.96 .

No. 5: Asure Software ( ASUR ): Strong buy and quant rating of 4.97 .

No. 4 First Solar ( FSLR ): Strong buy and quant rating of 4.97 .

No. 3: Maxeon Solar Technologies ( MAXN ): Strong buy and quant rating of 4.98 .

No. 2: CPI Card Group ( PMTS ): Strong buy and quant rating of 4.99 .

No. 1: Tingo Group ( TIO ): Strong buy and quant rating of 4.99 .

Year-to-date price action: CRM +44.6 %, ALGM +40.3% , OPRA +104.8% , XM +76.2% , YEXT +40.3% , ASUR +50.9% , FSLR +43.8% , MAXN +111.9% , PMTS +12.8% , and TIO +144.4% .

Moreover, for investors looking for diverse exposure to the technology space, here are a few broad-based exchange traded funds focused on tech:

• Vanguard Information Technology ETF ( VGT )
• Technology Select Sector SPDR Fund ( XLK )
• iShares U.S. Technology ETF ( IYW )
• Fidelity MSCI Information Technology Index ETF ( FTEC )

In other top 10 related lists, Seeking Alpha also constructed a list of the top-rated ETFs with the strongest momentum on Wall Street.

For further details see: